Voyager Digital Fiscal Q1 Revenue Falls 40% From 4Q

The crypto broker’s publicly traded shares were down 14% on the Toronto Stock Exchange.

AccessTimeIconOct 6, 2021 at 2:41 p.m. UTC
Updated May 11, 2023 at 4:06 p.m. UTC

Voyager Digital said Wednesday that its fiscal first-quarter revenue climbed to more than $60 million from $2 million a year ago, but fell 40% from its fiscal fourth quarter.

  • The crypto brokerage platform posted preliminary revenue for the three months ended Sept. 30 of between $63 million and $67 million.
  • While that represents a more than 30-fold jump from the year-earlier period, it’s 40% below the figure for the company’s fiscal fourth quarter that ended on June 30.
  • Voyager Digital’s shares on the Toronto Stock Exchange (TSX: VOYG) were down more than 14% at the time of writing.
  • Verified users increased to more than 2 million from 87,500 the year before, with net new deposits growing to $827 million from $36 million.
  • Voyager Digital is publicly traded in North America on the TSX and in Europe on the Frankfurt Stock Exchange.
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    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.